Comprehensive two-wheeler insurance policies cover most of your expenses, however some add-ons supplement the policy to make it even more beneficial. Some of the basic add-ons on the comprehensive policy are cover for accessories, passenger cover and depreciation cover, etc. Apart from these, there are other type of covers that can be availed at an additional premium.
Add-on Covers in Bike Insurance Plan:
Some of the add-on covers along with a vanilla two-wheeler insurance policy are:
- Accessories Cover:
If your two-wheeler is studded with additional high-end electrical and non-electrical accessories, you might want to insure them as well. This add-on cover provides cover against any damage or loss of those valuable accessories. For this, you are required to provide the estimate of the total cost of the accessories during the purchase of the policy.
- Medical Cover:
Medical cover is the most important add-on covers amongst others. Medical assistance is the most crucial at the time of an accident. Most of the times, medical expenses seem to really expensive. This medical add-on cover helps in funding all kinds of medical treatment related to the accident on your two-wheeler.
- Passenger Cover:
Road accidents can be fatal for both rider as well as the passenger/pillion, in case of a two-wheeler. Both rider and co-passenger’s lives are at an equal amount of risk during an accident. In a normal policy, the rider is covered against death and disability, however an additional cover for passenger will provide compensation for the pillion rider as well. Compensation to the co-passenger is provided in case of death or disability of the pillion. Passenger cover on top of a normal insurance policy comes at a slightly higher premium, however is very beneficial.
- Zero/Nil Depreciation Cover:
After an accident, the rider is required to pay for the depreciation and spare part replacement of the two-wheeler. In some insurance plans, the rider has the option to buy Nil or Zero Depreciation by paying an additional premium. In that case, the insurance company is responsible for covering the expenses of the spare parts and depreciation value. The Zero depreciation plan covers costs such as repair or replacement of fibre and plastic or rubber components of the two-wheeler.
Add-ons in a two-wheeler insurance policy prove extremely beneficial in case of an accident, when you are looking for support from all ends. A top-up on the basic insurance cover helps you in keeping your ride stress-free and joyful.